Finance

Shares were mostly lower in Asia on Wednesday as the euphoria from President Donald Trump’s truce with China’s Xi Jinping on trade faded. The retreat followed yet another all-time high for the S&P 500 index, though trading in U.S. markets has been subdued ahead of an early closure on Wednesday for the July 4 holiday. […]

Christine Lagarde, nominated to head the European Central Bank, has a politician’s ability to communicate and forge compromise, skills she will need to follow Mario Draghi’s performance as the central banker credited with defusing the eurozone’s debt crisis with a few well-chosen words. She has backed Draghi’s stimulus efforts in her current post as head

WASHINGTON, July 2 (Reuters) – U.S. President Donald Trump announced on Tuesday the names of two nominees to fill vacant posts on the Federal Reserve Board, after two of his earlier choices withdrew from consideration in the face of criticism. Trump said on Twitter he intends to nominate Christopher Waller, an executive vice president at

President Donald Trump said Tuesday on Twitter that he will nominate economists Christopher Waller and Judy Shelton to fill two influential positions on the Federal Reserve Board of Governors. Waller is executive vice president and research director at the Federal Reserve Bank of St. Louis, where he has worked since 2009. Shelton is the U.S.

Tesla overcame delivery logistics problems to set a quarterly record for deliveries from April through June, and now Wall Street is focusing on whether it will translate into profits. The electric car and solar panel company said it handed over 95,200 vehicles to customers worldwide, breaking the previous record of 90,700 set in the fourth

The Trump administration has proposed placing tariffs on an additional $4 billion of imports from the European Union, including cherries, whiskey and coiled copper, in a further escalation of a 14-year fight over government aid for aviation companies. The United States had previously identified European imports worth $21 billion a year for potential tariffs in

Delta Air Lines is boosting its forecast of second-quarter earnings per share because of rising revenue. The Atlanta-based airline said Tuesday it expects to earn between $2.25 and $2.35 per share for April through June. That’s up from an April forecast of $2.05 to $2.35 per share. Delta says revenue is rising by 8% to

On Tuesday, European officials nominated Christine Lagarde, the International Monetary Fund’s current leader, to succeed Mario Draghi as European Central Bank president. Here’s a primer on the institution Ms. Lagarde has been chosen to lead. [After grueling negotiations, the E.U. selected its top leaders on Tuesday. See who they are.] What is the European Central

The latest on developments in financial markets (all times local): 11:45 a.m. Stocks edged back from their record high levels as investors ponder what will come of the latest truce in the U.S.-China trade war. Trading was quiet Tuesday ahead of a half day of trading in the U.S. Wednesday and a day off Thursday

The S&P 500 teeter-tottered around its record on Tuesday, as investors mull what exactly will come of the latest truce in the U.S.-China trade war. Trading was relatively quiet in markets around the world ahead of Wednesday’s half day of trading for U.S. markets and Thursday’s closure for Independence Day. It was a return to